Amaravati bonds listed on Bombay Stock Exchange.

Chief Minister N Chandrababu Naidu observed that the oversubscription of Amaravati Bonds 2018 reflected the trust of people and industrialists in the Andhra Pradesh government. The Chief Minister rang the opening bell at Sir Dinshaw Petit International Convention Hall of Bombay Stock Exchange here at 9:15 am on Monday to mark the listing of Amaravati Bonds. Addressing the investors on the occasion, he said that he had earlier built Hyderabad and now wanted to build Amaravati as one of the top five best cities in the world. It was a rare opportunity to develop a capital which would be developed as a green city, he stated and added that the growth rate of AP which stood at 10.5 percent for the past three years had now gone up to 11.2 percent.

Inviting the investors, the Chief Minister said it was the right time to invest in AP, which had been emerging as No. 1 in Ease of Doing business. The vision of Amaravati development included developing it as the happiest city using data input, knowledge and innovation, while renewable energy including solar and wind power would be promoted to prevent pollution, he disclosed. The Chief Minister invited the BSE to set up its innovation center in Andhra Pradesh. Stating that innovation is the future, he said AP was ahead in technology and innovation and explained its real-time governance, Comprehensive finance management system, e-Office, content corporation. He said nine cities would be developed in Amravati capital with international standards.

Referring to an overwhelming response to Amaravati Bonds, the Chief Minister said it indicated the trust of people, especially investors in Andhra Pradesh. He appealed to the investors to become active partners of development. Minister for Finance Yanamala Ramakrishnudu, Minister for Urban development P Narayana, Special Chief Secretary Satish Chandra, principal secretaries Ajay Jain, G Sai Prasad, AP planning board vice-chairman C Kutumba Rao, Economic Development Board CEO J Krishna Kishore, RTG CEO Babu A, CRDA commissioner Ch Sridhar and other officials were present.

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